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Get Matched Free →Fargo New Residential Construction Property Tax Exemption
Funding status: Active
How much assistance
Up to $150,000 off property valuation for 2 taxable years (saves up to $4,000 on property tax bill)
Exemption applies for the two taxable years following the year the home was sold.
Eligibility
- Income limits: No income limits.
- First-time buyer required: No
- Geographic restrictions: Property must be a newly constructed single-family home, townhome, or condominium located within the City of Fargo. Buyer must be the first owner after the builder and reside in the property as their primary residence.
- Homebuyer education required: No
How to Apply for Fargo New Residential Construction Property Tax Exemption
Step 1: Contact the City of Fargo Assessor's Office to verify eligibility. Submit an application after closing on a qualifying newly constructed home. The exemption is applied to the property tax bill for the two taxable years following the home sale year. Call the Fargo Planning and Development Department at 701-241-1474 with questions.
Notes
Pairs with NDHFA programs and is one of the few buyer-side incentives the City of Fargo offers directly.